June 8，ST Caesar issued an announcement，The company's board of directors reviewed and approved the "Proposal on the Transfer of Equity and Related Transactions of Hainan Weikai Innovation Industrial Development Co., Ltd."，The company’s board of directors agreed to transfer 49% of the equity of Hainan Weikai Innovation Industrial Development Co., Ltd. held by its wholly-owned subsidiary Sanya Caesar Tongsheng Development Holdings Co., Ltd. to Caesar Sega Tourism Management Consulting Co., Ltd.，The transfer consideration is 49 million yuan。

Announcement display，Because the counterparty is the company’s controlling shareholder，According to the relevant provisions of the Shenzhen Stock 188bet sports betting app download Exchange’s “Stock Listing Rules”，Caesar Sega is an affiliated legal person of the company，This transaction constitutes a related transaction。

As understood，Caesar Sega Tourism Management Consulting Co., Ltd.’s main business includes tourism management investment consulting，Organize cultural and artistic exchanges (except performances)，Marketing Planning，Organizing exhibitions, etc.。As of December 31, 2021，Caesar Sega’s total assets are 20.0.3 billion yuan，Net worth is 11.0.3 billion yuan，Realized income in 2021 is 119.260,000 yuan，Net profit is -9467.790,000 yuan。Because Caesar Sega is the company’s controlling shareholder，According to the relevant provisions of the Shenzhen Stock 188bet sports betting app download Exchange’s “Stock Listing Rules”，Caesar Sega is an affiliated legal person of the company。

It is reported，Hainan Weikai Innovation Industrial Development Co., Ltd. has a registered capital of 100 million yuan，Main business includes commercial performances，Travel agency service outlets tourism promotion、Consulting Services，Ticket agency service，Conference and exhibition services，Marketing Planning，Scenic Area Management，Leisure and sightseeing 188bet app download activities，Management of scenic spots and scenic spots，Park Management Services，Passenger ticketing agency, etc.。Among them，Shanghai Weixiang Financial Information Services Co., Ltd. holds 51% equity，The company’s wholly-owned subsidiary Sanya Caesar Development holds 49% equity。

February 2021，Sanya Caesar Development participated in the establishment of Hainan Weikai，Intended to leverage Shanghai Weixiang Finance’s product and system strength and practical experience in the fields of consumer services and consumer financial service technology innovation，Relying on the resource scenario of the entire tourism industry chain、Comprehensive service capabilities and layout in the large consumer field and various measures to deeply cultivate Hainan bring first-mover advantages，Based on Hainan tourism market，Strong alliance，Create a project characterized by technological micro-innovation，The main goal is to improve the comprehensive effectiveness of consumer services in tourism and related industries，Tourism consumption、Tourism destination operation management innovation and development platform。

Company representation，Under the influence of 188bet online sports betting the epidemic，The tourism industry continues to be impacted，Its recovery did not meet expectations。In order to better realize risk isolation，Revitalizing company assets，Effective withdrawal of funds，Improve asset operation efficiency，Therefore, it is planned to sell Hainan Weikai。This transaction will not affect the company’s normal production and operation activities，It will not have a significant adverse impact on the company’s financial and operating conditions。